Bitcoin (BTC) market is on the rise again. Dogecoin (DOGE) and Shiba Inu (SHIB) are trying to break above resistance.

The crypto market is on the rise again as Bitcoin tries to pierce a key resistance. For the past two weeks, BTC has been testing a strong resistance around $105,000.

Today, it finally broke through this level. Bitcoin price rose past $106,000, crossed $107,000, and even briefly moved above $108,000.

If Bitcoin manages to stay above this range, it could spark a strong rally across the entire crypto market. However, at the moment, altcoins aren’t keeping up. While Bitcoin has gained around 4%, most altcoins have recorded minimal increases between 0% and 2%.

Meanwhile, popular meme coins like Dogecoin, Shiba Inu, and Pepe are still stuck below important resistance levels and haven’t seen much upward momentum yet.

Dogecoin (DOGE) Price Analysis

Dogecoin’s price continues to correct as the broader altcoin market shows little momentum. The DOGE chart has been gradually moving through this pullback phase, and so far, there’s no clear signal that a solid recovery has begun.

Still, for the short term, it appears Dogecoin could nudge slightly higher before this current correction fully plays out. An early bullish sign would be if DOGE manages to hold its ground now and then regain strength. Such a development might allow it to retest its recent high around the $0.25 level.

The crucial levels to watch are in the support zone between $0.19 and $0.16 cents, with the $0.15 mark acting as a decisive level. If prices remain above this zone, it would help keep the longer-term positive outlook intact. A drop below this area, however, could trigger a larger sell-off and extend the correction further.

Shiba-Inu Price Analysis

In just the past 24 hours, there’s been a huge 137% jump in big transactions involving SHIB. Even though the price hasn’t taken off yet, this sharp rise in activity is usually a sign that something big could happen soon.

In the past, big jumps in whale activity have often led to strong price increases. According to the analyst MMBTtrader’s chart, Shiba Inu is still stuck under a falling trendline. The price is holding above a strong support area around 0.00001000. Right now, SHIB is being sold at 0.00001404.

If it manages to break above the trendline and cross 0.00002044, it could rise further toward 0.00003514. The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind.

Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.